Article

The GST compliance landscape is undergoing major shifts in FY 2026-27. The government has introduced lower e-invoicing thresholds, mandatory real-time transaction reporting, and stricter input tax credit (ITC) reconciliation procedures. Businesses must now reconcile their purchase registers with GSTR-2B daily to prevent leakage of tax credits.

Key highlights include:
• Reduced threshold for mandatory e-invoice generation.
• Auto-population changes in monthly GSTR-3B filings.
• Stricter audits and audit penalties for non-compliant filers.